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Unformatted text preview: 2,530,000 Merchandise available for sale Ratio of cost to retail price: = Sales for September (net) 2,595,000 Merchandise inventory, September 30, at retail Multiply by ratio of cost to retail price: x Merchandise inventory, September 30, at estimated cost...
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This note was uploaded on 03/12/2011 for the course ACCT 2011 taught by Professor Field during the Fall '09 term at University of Minnesota Morris.
- Fall '09